Mission Wealth Management LP Buys 57,027 Shares of HP Inc. $HPQ

Mission Wealth Management LP lifted its position in HP Inc. (NYSE:HPQ) by 145.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,344 shares of the computer maker’s stock after buying an additional 57,027 shares during the quarter. Mission Wealth Management LP’s holdings in HP were worth $2,114,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. IHT Wealth Management LLC boosted its holdings in HP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,470 shares of the computer maker’s stock valued at $305,000 after purchasing an additional 398 shares during the period. Vident Advisory LLC increased its holdings in shares of HP by 0.6% in the second quarter. Vident Advisory LLC now owns 69,579 shares of the computer maker’s stock worth $1,702,000 after purchasing an additional 444 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of HP by 10.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 5,020 shares of the computer maker’s stock worth $110,000 after buying an additional 467 shares in the last quarter. Vise Technologies Inc. raised its position in shares of HP by 2.4% in the third quarter. Vise Technologies Inc. now owns 20,531 shares of the computer maker’s stock worth $559,000 after buying an additional 477 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in HP by 0.6% during the second quarter. Legacy Wealth Asset Management LLC now owns 80,784 shares of the computer maker’s stock valued at $1,772,000 after buying an additional 491 shares during the period. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Activity at HP

In other news, insider David P. Mcquarrie sold 21,048 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock worth $1,478,622 over the last quarter. Company insiders own 0.18% of the company’s stock.

HP Stock Up 0.4%

NYSE HPQ opened at $29.19 on Thursday. The stock’s 50-day simple moving average is $25.11 and its two-hundred day simple moving average is $21.90. HP Inc. has a twelve month low of $17.56 and a twelve month high of $30.87. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 4.90 and a beta of 1.17.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts expect that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a dividend yield of 4.1%. HP’s dividend payout ratio (DPR) is 44.28%.

Analysts Set New Price Targets

HPQ has been the topic of a number of research analyst reports. TD Cowen upped their target price on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Barclays lifted their price target on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their price objective on shares of HP from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. Finally, Citigroup lifted their target price on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $23.50.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett?Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.